Fame Ii Scheme

FAME II subsidies on electric two-wheelers reduced, prices set to rise from June 1

According to the notification, the ministry has reduced the 40 percent maximum incentive rate for electric two-wheelers to a cap of 15 percent.

Govt considers reducing subsidy for EV two-wheelers in FAME scheme

The Heavy Industries Ministry is said to be planning a 75 percent increase in the outlay from the current Rs 2,000 crore under the flagship FAME-II scheme.

FAME-II scheme case: Hero Electric CEO says not received any notice for subsidy recovery; awaits quick resolution

Hero Electric CEO Sohinder Gill said the company awaits "any formal communication from MHI towards quickly resolving the subsidy deadlock." The statement comes just days after reports of an investigation ordered by MHI showed the two companies "allegedly used multiple imported components in electric two wheelers, violating norms."

Government blocks pending subsidy claims of two OEMs under FAME II; seeks ‘sufficient’ compliance proof

Hero Electric and Okinawa Autotech were served notices by the government related to the alleged misappropriation of subsidies given under the FAME scheme.

Nomura upgrades TVS Motor to buy, raises target price by 53%

The brokerage is optimistic about the company’s new launches and weakening competition. It says the Chennai-based automaker is better placed against rivals, especially startups which face funding problems and greater scrutiny

EV makers will have to take new safety tests from April 2023 for claiming subsidies

These tests will enhance human safety of the battery used in these vehicles by requiring checks at three levels – the battery pack, battery management system (BMS) and the cell, as per a circular from the ministry.

Karnataka aims to convert 35,000 buses into electric by 2030

We want all our buses to become electric and we start making profits.. discussions are on in this regard," Karnataka Transport Minister B Sriramulu said.

Electric Vehicles | Why 2022 could be a year of opportunities dotted with challenges

Regulatory actions and rising fossil fuel costs are creating a conducive environment for EV adoption 

India working to cut lithium imports, boost EV sector, says NITI chief Amitabh Kant

KABIL looks to acquire lithium and cobalt mines overseas. The government is also working on urban mining where recycled materials remain in circulation and this reduces dependency on fresh lithium inputs

Budget 2022: EV players want government’s actions to follow their stated intent, and closely

While there are policies that provide financial support, they need to be implemented more efficiently

Revised FAME II subsidy: Ampere slashes electric scooter prices by up to Rs 9,000

The revised FAME II scheme, unveiled by the Centre to promote the electric vehicle sector, offers 50 percent more subsidy at Rs 15,000 per kWh on e-bikes and scooters in India.

Reporter's Take | How the auto sector reshaped in 2019

During the April-November period, the industry reported a fall of 16 percent in volumes to 15.7 million units as per data from the Society of Indian Automotive Manufacturers (SIAM).

FAME-II scheme to impact electric 2-wheeler segment most: Crisil

The criteria is based on minimum top speed, range per charge and acceleration as well energy consumption efficiency of EVs.

FAME II scheme to see faster adoption of EVs: Tata Motors

Tata Motors on Friday said the FAME II scheme would help faster adoption of electric vehicles (EVs) in the country. While welcoming the initiative, the auto major said the revised scheme brings policy stability in the EV space.